Value Recovery Group (VRG) has concluded its acquisition of Scully Capital Services Inc., a specialized financial advisory services firm based in Washington, DC, that provides financial advisory services to the energy, transportation, infrastructure, and water sectors.
VRG's consulting subsidiary, Value Recovery Holding (VRH), will combine its resources with Scully Capital to manage a joint consulting practice. The combined enterprise will support 10 federal agencies, providing financial advisory services across the risk spectrum, from project development to asset management and recovery. All key Scully Capital personnel, including founder Larry Scully, will remain with the firm.
Closing took place on June 30. While the new enterprise will be headquartered in Columbus, Ohio, its main office for the consulting practice will be located out of its expanding Washington, DC, office.
The combined firm will focus on the core skill sets of the consulting practices and look to expand into support of the broader missions in the infrastructure, energy and finance arenas within the federal government and private sector.